Larry Wachtel
Larry Wachtel
Larry Wachtelwas a stock, bonds, and equities commentator on the New York City metropolitan area radio. He added a populist flavor to his commentary on the stock market and spoke in a thick Brooklyn accent...
acts arrive attempt discount extent full hurricane market stock
When we arrive on Monday, we may or may not know the full extent of Hurricane Rita. The stock market can attempt to discount what is discernible, but when it comes to acts of nature, it can only make assumptions.
alive building bull citizen due energy flirt home hope keeping lack likely money popular reach restless rotation senior shifting small status stocks technology
The popular indexes have managed to reach 4-year highs, while small and midsize indexes flirt with all-time highs. The lack of sustainability is likely due to the senior citizen status of the bull market, now in its 41st month. The restless rotation is keeping hope alive with money shifting from energy stocks to home building to technology to financials.
completing data fail fourth market quarter relevance
We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today.
claus except next santa sink teeth
There's nothing really to sink your teeth into next week, except for the possibility of a Santa Claus rally.
sitting stocks
It's not like stocks are sitting there unloved. They have done well.
amazon below both decent microsoft quarter results yesterday
A lot of the results yesterday have been a little disappointing. Microsoft had a decent quarter but was a little below expectations. It was the same with both Amazon and Coke.
narrow
so you can see how narrow (the rally) really is.
followed period spur summer twilight
I think we're in the twilight zone. You have the confessional period followed by the summer doldrums, so there really isn't anything that's going to spur it to the upside.
components cyclical economy fed sensitive slow weak
The Dow components are weak because the Fed is threatening to slow the economy down. Its cyclical components are the ones that are most sensitive to that.
falls gained points since
The Dow is dopey, ... It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.
falls gained points since
The Dow is dopey. It gained 1,000 points since mid-April. That's impressive. If it falls 100 points, so be it.
correction gulf impossible market rest somewhere technology wide
Clearly, the gulf between technology and the rest of the market was so wide it was impossible to sustain. And there had to be a correction somewhere and the correction is under way.
kindness mechanical program quick sell
When you see this kind of quick move, that's a mechanical sell program from one of the brokerages.
federal meeting next remain reserve stimulus underlying vacuum week
We remain in a stimulus vacuum and the underlying motif this week will be the Federal Reserve meeting next week.